United Seamens Service Inc

Analysis

United Seamens Service Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in September 1942, 84 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, United Seamens Service Inc reported income of $2.0m and spending of $2.1m, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.6m to $2.0m (-21%), an average of -7.4% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Seamens Service Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Illinois Rural Healthnet ($2.0m), North Natomas Jibe Walk Bike Bus ($2.0m) and East Alabama Medical Center Foundation ($2.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 38% of the total. Compensation of current officers, directors and key employees was $192k (9.2% of expenses). Other salaries and wages came to $909k. At year end it held assets of $1.3m against liabilities of $951k, net assets of $343k. It reported 9 employees.